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Iron ore grades write up today AFR, page-38

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    Iron Ore – benchmark prices for 62.5% iron ore continue to fall as Chinese port stocks build and market moves to higher-quality low phos ores
    • The market for iron ore is rapidly breaking into two due to China’s drive to ramp up production while creating less pollution at its steel making blast furnaces
    • The premium for Direct Reduction pellets is running at over $50/t depending on grade
 
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